An official source in Abu Dhabi Securities Market announced that the trading session on Wednesday, March 14, 2007 has been extended for an additional forty minutes, due to a technical error in the link connecting the main hall of ADSM with other external parties, which represent ADSM branches, brokerage firms, and online trading (E-trading), where trading was only executed in the main branch.
Assuring the principle of fairness and integrity between brokers and investors, ADSM management paused the trading session on Wednesday 14th March 2007 for forty minutes till the completion of repairing the technical error by the concerned parties, which took almost thirty minutes . As a consequence, ADSM management decided to extend the period of trading session till 1:40 pm as a compensation.
Since the end of 2001, the number of listed companies traded on ADSM has grown fourfold; there are now nearly six times as many brokerage firms; the aggregate market capitalization of companies traded on the exchange is 20 times higher; there are 50 times as many shareholders registered and ADSM is a model emiratisation employer with UAE national making up about 74% of staff.
